Financing for Small Start-up Businesses

Are you having a hard time finding money to start your business - or financing to get the supplies, equipment or inventory you need? Traditional small business loans from a bank are difficult to obtain, especially when the economy is tight.

Fortunately there are alternatives. You don't have to use your credit card or harass family and friends. There are not online financing resources that help entrepreneurs get the funding they need without a lot of cost.

1. Unsecured Financing & Loans

When shopping for unsecured loans, look for programs that do not have pre-payment penalties or lots of fees. The lower the interest rate, the better. Just like with traditional loans, applicants can improve the rate they receive by checking their credit reports in advance to make sure there are no weak spots are repair what is fixable.

Whether you need money to purchase equipment, pay down debt, fund new projects or something else, America One is a great resource for small and home-based business loans and financing.

American One also offers multiple financing options (business loans up to $1+ million and as low as 7.93% apr) for small businesses and entrepreneurs. They make it easier to obtain financing even in a "finance-challenged" market. You can even apply online, get a loan quickly and easily and have money in your hands before you know it.

2. Peer-to-Peer Lending (sometimes referred to crowdsourced funding) is another popular alternative for companies that need to borrow money. This type of financing gives small business owners a way to obtain funding that they might otherwise not be able to get.

Prosper Marketplace offers peer-to-peer loans at rates starting at 7.4% APR. Unlike other higher-cost forms of financing, they don't have hidden fees, and there are no pre-payment penalties.

Their website is a meeting place for investors who want to earn interest on their investments and entrepreneurs looking for money to build their companies. it's a win-win for both parties.

See more small business financing resources